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Latest Business News

BNY Mellon expects to fix pricing glitch before markets open

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(Reuters) – BNY Mellon Corp expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said….

Exclusive: Citi aims to boost equities franchise amid industry shakeout

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NEW YORK (Reuters) – Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the…

Venture capital cash surfers may see waves recede in market turmoil

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SAN FRANCISCO (Reuters) – The waves of cash surfed relentlessly by some of Silicon Valley’s largest venture-backed businesses are showing signs of receding amid concern the companies may already worth…

Hundreds arrested as Beijing launches stock market crackdown

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Chinese authorities have arrested nearly 200 people for alleged online rumor-mongering about China’s stock market turmoil and a recent, deadly chemical factory explosion in Tianjin. …read more Via:: Hundreds arrested…

China’s yuan up on suspected intervention, set for August loss

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SHANGHAI´╝î (Reuters) – China’s yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese…

China stocks fall more than 1 percent in early trade

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SHANGHAI (Reuters) – China major stock indexes fell more than 1 percent in early trade on Monday, after showing some signs of steadying on Friday on fresh government support. …read…

Hulu steals hit movies from Netflix with Epix deal

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Hulu’s new front in its competition with Netflix involves “The Hunger Games” and “Transformers.” …read more Via:: Hulu steals hit movies from Netflix with Epix deal

Suzuki Motor says it will buy back VW stake as court settles feud

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TOKYO (Reuters) – Japan’s Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the…

Carlyle’s nominee on China Fishery’s board steps down

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SINGAPORE (Reuters) – Carlyle Group’s nominee on the board of China Fishery Group has stepped down, a few months after the U.S. private equity firm declined to take part in…

Asia stocks sag as Fed rate prospects revived, China still a worry

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TOKYO (Reuters) – Asian stocks sagged on Monday after top Federal Reserve officials kept the door open for an interest rate hike in September and investors braced for China economic…